EXHIBIT 12.1 ------------ BREED TECHNOLOGIES, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS, EXCEPT FOR RATIOS) Fiscal Years Ended June 30, -------------------------------------------- 1994 1995 1996 1997 1998 ------- ------ ------ ------ -------- Earnings Computation Pre-tax earnings (losses) from continuing operations...... $73.0 $110.1 $ 98.3 $29.6 $(408.8) Add: Fixed charges............. 1.4 1.2 3.0 29.4 89.4 Subtract: Capitalized Interest. -- -- -- (0.1) (0.1) ----- ------ ------ ----- ------- Total Earnings as Adjusted........ $74.4 $111.3 $101.3 $59.0 $(319.5) ===== ====== ====== ===== ======= Fixed Charges Computation Interest expensed.............. $ 1.1 $ 0.8 $ 2.7 $26.8 $ 68.9 Capitalized interest........... -- -- -- 0.1 0.1 Amortization of deferred financing costs.............. -- -- -- 0.7 16.8 Estimated interest factor on operating leases.......... 0.3 0.4 0.3 1.8 3.6 ----- ------ ------ ----- ------- Total Fixed Charges............... $ 1.4 $ 1.2 $ 3.0 $29.4 $ 89.4 ===== ====== ====== ===== ======= Ratio of earnings to fixed charges.................. 53.1 92.7 33.8 2.0 (--) ===== ====== ====== ===== ======= Insufficiency of earnings to cover fixed charges............ $(408.9) =======